tempted to go long the NUGT here
#1
Posted 17 September 2013 - 10:13 AM
#2
Posted 17 September 2013 - 10:19 AM
#3
Posted 17 September 2013 - 10:34 AM
http://stockcharts.c...79431664478.png
P.S. Might want to think about that bullish percent index. When it turns up, it could be a pretty striking divergence. When it turns up...
Good luck and good trading.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#4
Posted 17 September 2013 - 11:42 AM
Gave in to that temptation yesterday. Got stopped out before I could say "Rumpelstiltskin!"
http://stockcharts.c...79431664478.png
P.S. Might want to think about that bullish percent index. When it turns up, it could be a pretty striking divergence. When it turns up...
Good luck and good trading.
It might be worth another shot at the long side after tomorrows announcement. The nice aspect is that the announcement does not come afterhours so there will be a chance to get positioned on a live reaction to the decision.
If a trade is placed today and a stop right under the previous low of the decline, a loss of 6.9% would occur if wrong..
#5
Posted 17 September 2013 - 11:53 AM
I too would love to hear thoughts on both the dollar and TLT, thanks,
my thoughts on the dollar are that if you look at it on the monthly chart it is saying it is on a the precipice of a huge drop and trendline support break.
seasonally gold is right in the apex of a huge potential move... but will the seasonals kick in ? that is the question
#6
Posted 17 September 2013 - 12:12 PM
#7
Posted 17 September 2013 - 01:53 PM
usually temptations to buy NUGt should have your buy finger either cut off or on DUST
#8
Posted 17 September 2013 - 06:42 PM
Gave in to that temptation yesterday. Got stopped out before I could say "Rumpelstiltskin!"
http://stockcharts.c...79431664478.png
P.S. Might want to think about that bullish percent index. When it turns up, it could be a pretty striking divergence. When it turns up...
Good luck and good trading.
It might be worth another shot at the long side after tomorrows announcement. The nice aspect is that the announcement does not come afterhours so there will be a chance to get positioned on a live reaction to the decision.
If a trade is placed today and a stop right under the previous low of the decline, a loss of 6.9% would occur if wrong..
For What it's worth -- on the final four bars of today my sixty-minute trend turned up for the first time in quite a long time (14 days, a steady decline that was worth 59 percent on DUST, which, by the way, I did not have ). NUGT finished the day up 2 percent on the sixty-minute buy. Yes, indeed, might be worth another shot. Going to watch the open closely tomorrow.
Good luck and good trading.
http://stockcharts.c...79461229299.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#9
Posted 17 September 2013 - 06:53 PM
#10
Posted 18 September 2013 - 03:27 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky